SOME local manufacturers of basic products are voluntarily freezing prices of select stock keeping units (SKUs) of canned meat, processed milk, and bottled water until July 10.
The move follows a meeting between the Department of Trade and Industry (DTI) and manufacturers of basic necessities and prime commodities (BNPCs).
BNPCs included canned sardines, processed milk, coffee, bottled water, processed and canned meat, condiments, and toilet soap.
Meanwhile, the following products are included in the price freeze: Wilkins distilled bottled water, Viva mineralized bottled water, CDO luncheon meat, CDO meat loaf, Bingo corned beef, Bingo beef loaf, CDO beef loaf, 555 meat loaf, Argentina meat loaf, Argentina corned beef, Argentina beef loaf, 555 beef loaf, Birch Tree full cream milk, Instant Mami chicken na chicken, and Instant Mami beef na beef.
Trade Secretary Alfredo Pascual has since commended Century Pacific Food, Inc., CDO Foodsphere, Inc., and Coca-Cola Beverages for their participation in the initiative.
He also proposed establishing a direct linkage program between farmers and retailers to streamline the supply chain and potentially lower costs.
Editor’s Note: This is an updated article. Originally posted with the headline Select manufacturers implement ‘voluntary price freeze’ for 2 months